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Follow on Google News | Stifel Financial Corp. Investor Alert: Lawsuit by the SECThe Sec filed a lawsuit against Stifel Financial and the investigation for shareholders of Stifel Financial Corp. continues. NYSE-SF stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
If you purchased Stifel Financial Corp. shares and currently hold those shares, you may have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The SEC alleges violations of Federal Securities Laws based upon both alleged misrepresentations and omissions in connection with the sale of the collateralized debt obligations to the five Southeastern Wisconsin school districts, as well as the allegedly unsuitable nature of collateralized debt obligations. Stifel Financial Corporation said that it is deeply disappointed by the action taken by the SEC and that it will vigorously defend itself. The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Stifel Financial Corp. concerning whether certain statements regarding Stifel Financial ’ business, its prospects and its operations were potentially materially false and misleading at the time they were made. Stifel Financial Corp. reported that while its annual revenue rose from $793.09million in 2007 to $1.39billion in 2010, its Net Income fell from $32.17million in ’07, respectively $75.80million in ’09 to $1.91million in 2010. Shares of Stifel Financial Corp. declined since its 3:2 split on April 6, 2011 to as low as $24.38 per share on October 2011. Those who purchased shares of Stifel Financial Corp. and currently hold those NYSE SF shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. # # # The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon. End
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